House Speaker John Boehner downplayed the national debt as a major problem for the country during his appearance this morning on ABC’s This Week. Boehner told fill-in host Martha Raddatz that not only does he think the debt is not an immediate threat but that he trusts the president and that “they’re trying to bridge some big differences.”

Boehner agreed with comments President Obama made to George Stephanopoulos where he said the debt was actually stable in the near future. “We do not have an immediate debt crisis, but we all know that we have one looming. And we have one looming because we have entitlement programs that are not sustainable in their current form. They’re going to go bankrupt,” said Boehner.

When asked to give a time frame for when the debt problem could be solved Boehner told Raddatz “Nobody knows where this is,” he said.

“It’s not an immediate problem,” he said.

“So you agree with the president on that,” asked Raddatz.

Boehner paused before answering, “Yes, but his point as he went on to say in that interview is that we don’t really need to do anything at this point and I would argue that we do need to do something.”